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Lapeer City presents largely balanced 26–27 budget, keeps fund balance near 30%
Summary
Lapeer City managers proposed a 26–27 budget that includes the first year of a six‑year CIP, maintains an estimated general‑fund ending balance of about $3.7 million (roughly 30% of expenditures) and uses less than $100,000 of fund balance; no new full‑time positions are proposed. Commissioners asked for follow‑ups on specific projects and a possible extra work session.
The Lapeer City Commission reviewed a proposed fiscal 26–27 budget on Thursday that combines a roughly $10 million first‑year capital improvement program with an operating budget projected to end the year with about $3.7 million in the general‑fund balance, just over 30% of projected expenditures. Kelly, the finance lead presenting the plan, said the budget closes to within about $90,000 of expected revenue and emphasizes conserving fund balance.
The proposed budget does not add any new full‑time positions; departments were instructed to…
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